Market Update: US-Iran Tensions Trigger Broad Sell-Off; Nifty Index Dips Below 23,900, Sensex Plunges 1,677 Points
Global geopolitical tensions between the US and Iran ignited a significant market sell-off today. The Nifty Index 50 index fell below the 23,900 mark, while the Sensex plummeted by 1,677 points.
Nifty Index Performance Overview
Top Nifty Index Gainers:
- Infosys
- Tech Mahindra
- HCL Technologies
- Titan Company
- SBI Life Insurance
Top Nifty Index Losers:
- Trent
- Adani Enterprises
- Bharat Electronics
- Adani Ports
- Cipla
Key Trading Levels for Select Stocks
| STOCK | Buy Above | Sell Below |
|---|---|---|
| COFORGE | 1518 | 1505 |
| JSWSTEEL | 1244 | 1232 |
| PAYTM | 1248 | 1236 |
| PNBHOUSING | 1114 | 1102 |
Nifty Index Technical Outlook for Wednesday
For Wednesday’s trading session, Nifty Index is projected to show an upward trend if it sustains above 24,600. Conversely, it may experience downward pressure if it falls below 24,200. The market’s direction will also be heavily influenced by prevailing global cues.
Nifty Index Options Data
| Highest Call Writing at | 24,600 (3.3 Cr) |
|---|---|
| Highest Put Writing at | 24,200 (1.7 Cr) |
Nifty Index Support and Resistance Levels
| Support | 24,200–24,000 |
|---|---|
| Resistance | 24,600–24,800 |
Bank Nifty Index Index Technical Outlook for Wednesday
Bank Nifty Index Index is anticipated to trend upwards if it breaks above 58,500. A sustained move below 58,100 could signal a downturn. As with Nifty Index, global cues will play a critical role in determining its trajectory.
Bank Nifty Index Index Support and Resistance Levels
Support and Resistance levels for Bank Nifty Index Index were not provided in the original content.
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